Bonus points its better this way

Ferrari announced on Monday (Jun 10) their intention to appeal the controversial five-second time penalty that cost Sebastian Vettel his first victory of the season in the Canadian Grand Prix. Lewis Hamilton won for record-equalling seventh time in Canada on Sunday. (Photo: AFP/Mark Thompson) In a move that requires the Italian team formally to support their decision with new evidence within 96 hours, Ferrari kept alive the controversy that followed the stewards' mid-race penalty and resulted in a petulant demonstration of his fury afterwards by the German driver. Vettel was punished for making an unsafe re-entry to the action after 48 laps after running off track and across a strip of grass, his move squeezing Lewis Hamilton of Mercedes towards a wall and blocking him from trying to take the lead. Vettel went on to win the race 'on the road', but after his time penalty was applied he dropped to second and Hamilton claimed a record-equalling seventh victory in Canada. In his … [Read more...] about Ferrari plan appeal after Vettel second place Canada furore

Yeah1 plans to issue shares to raise charter capital Multi-channel media group Yeah1 has announced a plan to issue nearly 62.56 million bonus shares at the rate of 200 per cent in 2019. Each shareholder will receive two new shares for every share he or she already owns. Bonus shares will be available to trade on the stock market after the issuance date. The share issuance will help Yeah1 triple its charter capital to VND938 billion (US$41.2 million) from its current VND312 billion. The value of the deal is nearly VND625.6 billion and the share issuance funding is taken from the company’s share premium recorded in its audited financial report for 2018. As of September 30, Yeah1 had VND1.13 trillion in its share premium and VND73 billion in undistributed post-tax profit. In the first nine months of the year, Yeah1 recorded VND1.03 trillion in revenue, up 111 per cent over the same period last year, and VND131.2 billion in post-tax profit, up 239 per cent. Yeah1 … [Read more...] about BUSINESS NEWS IN BRIEF 18/12

PARIS — French police cleared demonstrators blocking roads and fuel depots on Tuesday in a crackdown on the so-called "yellow vest" protests against President Emmanuel Macron that have left two people dead. Hundreds of thousands of people blockaded roads across France on the weekend, wearing high-visibility yellow vests in a national wave of defiance aimed at 40-year-old centrist Macron. The protests had waned by Tuesday but the disruption underlined the anger and frustration felt by many motorists, particularly in rural areas or small towns, fed up with what they see as the government’s anti-car policies, including tax hikes on diesel. Macron, who has made a point of not backing down in the face of public pressure during his time in office, called on Tuesday for more "dialogue" to better explain his policies. Prime Minister Edouard Philippe, meanwhile, urged ruling Republic On The Move lawmakers to stand firm in the face of voter criticism, saying the party would reap … [Read more...] about French police clear fuel protesters as movement wanes

Retaining key personnel has always been a company’s prerequisite policy paving the way to prosperity. Employee Stock Ownership Plan (ESOP) has long been considered a good management tool and compensation benefit for the retention of human capital, as well as a good solution for those companies with limited cash flow. While ESOP is not a new term, its important tax implications have been continuously provoking controversy. This report investigates the Personal Income Tax (PIT)’s exposure under ESOP schemes, which provide beneficiaries a better understanding and thus the ability to minimise tax risks. Grant Thornton Vietnam provides insights into the tax side of ESOP Employee Stock Ownership Plan (ESOP) ESOP can simply be understood as employees’ benefit plan with agreed terms and conditions. An employee stock ownership is defined as an allocation of shares that will be granted to specified employees in the future, prevalently in the form of shares options … [Read more...] about Employee shares ownership plan and tax implications in Vietnam

Tour de France director Christian Prudhomme (L), five-time winners Eddy Merckx of Belgium (C), Bernard Hinault of France (2R) and Miguel Indurain of Spain (R) at the unveiling of the 2019 route in Paris. AFP/STEPHANE DE SAKUTIN With a nod to Belgian legend Eddy Merckx, the 2019 Tour begins in Brussels on July 6 and ends 3,460 km later on the Champs Elysees in Paris on Jul 28, the opening and closing stages about as flat as it gets on the 106th edition. After Belgium, the Tour heads into the hilly Massive Central region, then down to the Pyrenees before culminating with three consecutive days in the Alps between stages 18-20. Fans with a taste for classic climbs will not be disappointed, with the Tourmalet, La Planche des Belles Filles, the Col d'Izoard, the Col du Galibier and the Montee de Tignes all on a menu featuring a record 30 mountain passes and five summit finishes. "This is the highest Tour in history," Tour de France director Christian Prudhomme said Thursday. Marketed as … [Read more...] about Mountains galore as 2019 Tour de France route unveiled

Manchester United troubles intensify as Spurs win 3-0 at Old TraffordThe Saigon Times Daily Tottenham's Lucas Moura in action with Manchester United's Phil Jones at Old Trafford, Manchester, Britain August 27, 2018 – PHOTO: REUTERS MANCHESTER (REUTERS) - Lucas Moura scored twice as Tottenham Hotspur romped to a 3-0 Premier League win over Manchester United at Old Trafford on Monday as Jose Mourinho’s team’s defensive frailties were brutally exposed once again. It was an impressive, clinical performance from Mauricio Pochettino’s Tottenham, with all three goals coming after the break, and it left United and Mourinho facing very searching questions. United have lost two of their opening three games of the season and conceded six goals in the last two games. There was an odd scene at the close of the game as Mourinho spent almost a minute standing in front of the Stretford End, applauding the remaining home fans. The Portuguese manager struck a defiant … [Read more...] about Manchester United troubles intensify as Spurs win 3-0 at Old Trafford

VietNamNet Bridge – A video clip featuring a teacher in a secondary school in HCM City giving cash rewards to students has gone viral. Illustrative image. – File photo Du Thi Lan Huong, a guest teacher of Chu Van An Secondary School, appeared with some bundles of cash, awarding the money to a long line of students who gained scores of 6.5 points or more in their exams. The students looked joyful and excited. According to Huong’s rule, students would show their test papers as proof, and receive VND20,000 ($0.8) for each. This is not the first time the teacher has given such bonuses to her students. Previously, she offered VND2,000-3,000 ($0.08-0.13) for those who scored at least 8 points in their exams. The amount of money is small and was used as a way of praising students and encouraging them to study harder in upcoming tests. The clip has received thousands of shares and comments from the public, mostly showing their interest and … [Read more...] about Cash rewards for studying?

VN garment sector to boost export growth The domestic textile and garment industry is expected to sustain growth in exports in the coming months, according to the Viet Nam Textile and Apparel Association (VITAS). Truong Van Cam, VITAS vice chairman and general secretary, said many textile and garment companies had signed contracts to produce export products in the third quarter of this year. Many Vietnamese garment firms had also sustained high growth this year in traditional markets such as the United States, the Republic of Korea, the European Union, and member-states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Cam said a series of recently-signed free trade agreements (FTAs) was expected to boost the sector. Since 2001, Viet Nam had signed bilateral trade agreements with the US, Japan, China, and the Republic of Korea, as well as Australia, New Zealand, and India, and joined the World Trade Organisation. However, global demand for textiles … [Read more...] about BUSINESS IN BRIEF 6/6

Hoi An authorities seek solution to noisy bars, dinersAuthorities in Hoi An, an iconic tourist town in central Vietnam, are seeking solutions for dealing with loud music from local bars in an effort to restore a peaceful atmosphere to the vintage destination.Located in the namesake city in Quang Nam Province, Hoi An Ancient Town was recognized as a UNESCO World Heritage Site in 1999 and has long been famous for its tranquility and unique charm.Recent complaints by tourists, however, have local authorities worry that the destination may lose its tranquil charm due to loud music from local bars, restaurants, and coffee shops.The Hoi An People’s Committee announced on February 7 that it will invite local bar and hotel owners to reach a common ground on ensuring that business operations at certain venues do not compromise the interests of local residents and visitors.The meeting will be chaired by Nguyen Van Son, vice-chairman of the city’s administration and the man … [Read more...] about Social News 10/2

Vingroup, T&T to develop urban railway projects in HanoiThe government of Hanoi City has proposed the Prime Minister allow Vingroup and T&T Group to develop three urban railway projects which the city plans to complete by 2025, Tuoi Tre newspaper reports.The two domestic investors will use their capital to make pre-feasibility studies for these projects.When the projects were announced, many investors expressed interest in Hanoi. However, only Vingroup and T&T Group have registered to take part.Both of them proposed implementing the projects in the build-transfer (BT) format. Particularly, Vingroup registered to build the 38.4-kilometer metro line No. 5 which connects Van Cao and Hoa Lac and metro line No. 2 from Tran Hung Dao to Thuong Dinh with a length of 5.9 kilometers. Meanwhile, T&T Group is keen on metro line No. 4 connecting Me Linh, Sai Dong and Lien Ha, and measuring 54 kilometers in length.The two investors said they would use their own finances to study the … [Read more...] about BUSINESS IN BRIEF 9/1